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Newspaper
Shoshone Journal
Location
Shoshone, Idaho, United States of America
Date
Sep 05, 1919
Page
7
The report highlights aggressive oil and gas drilling activity led by Posque Cogdell Hood and others. Well No 4 and adjacent tests show high potential with gas shows and deep testing, signaling a strong production push in the field.
Texas Crude outlines assets and resource holdings across multiple counties. It reports cash on hand and in banks, drilling equipment, and extensive acreage with active wells. The company notes wells at Goose Creek, Burkburnett and Iowa Park, plus ongoing drilling and planned completions in numerous Texas counties.
Great Company setting the pace in Texas oil development, Texas Cretchil Company stands out as a leading independent, capitalized at two million ollnes, owning 30 980 acres of Tesqus HW lands. The firm forged a bold risk, protected by off and dividend payments, moving into the class of great industrial concerns as it surpasses competitors with steady production and forward looking programs.
EXAS CRODE Ardrey announces two dividends with a 1S per annum guarantee and expects a substantial extra dividend as nine wells were brought online. Rapid drilling suggests returns may rise to double digits, with Lightfoot Sue and Hawk at the Rane cited as drivers. stock could reach $5 soon and $10 later as the Baskburnett wells come on.
TAS B MITCHALE general manager of the Texas Drake Company outlines plans for 70 million? proven wells at Goose Creek. The firm pledges to drill more wells, rapidly expanding production and dividends, with a stated program for 32 additional wells in its proven semi proven fields.
A brief editorial notes that steady performance and consistent strategy promise victory. It emphasizes measured progress, disciplined effort, and the belief that cumulative advantages will decide outcomes in competitive endeavors.
A garbled notice highlights Texas Crude and Ranger and Burkhursett assets. It mentions Goose Neck fields and coastal properties, stock values around 42 dollars, and Sinclair OS Company stakes. It references Humble Off Companies stock and related investments amid regional oil interests and nearby property adjacencies.
Texas Crude reports exceptional profits for stockholders amid aggressive, multi site drilling. With 24 wells producing and 33 planned, ten oil wells and one gas well confirmed, at least seven more expected in production. The company, largely self‑financed, shows assets well above capitalization and predicts a rising stock price to seven dollars or more.
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